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The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
To prove that a change was avulsion and not accretion, it is sufficient, at least under Oklahoma law, for the owner of land that was washed away to point out approximately as much land added to the opposite bank as washed away from his bank. [2]
Equitable title separates from legal title upon the death of the legal title holder (owner). For example: When a person having legal title to property dies, heirs at law or beneficiaries per the last will, automatically receive an equitable interest in the property.
In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death, when the property rights may revert to the original owner or to another person.
It sounds like a good idea to the internet savvy: Take sheriff's sales of foreclosed properties online to benefit sellers and lenders. Is it legal?
A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum than he has (such as the owner of a fee simple granting a life estate or a leasehold estate).
Oklahoma's squatter's rights, or adverse possession law, states a squatter can claim the property if they have resided on the property for at least 15 years and paid property taxes for five years.
A head of household is the owner or co-owner of the home. You must be a resident of Oklahoma and have lived in the home during the entire preceding calendar year.